Worksport Ltd

Worksport Ltd. designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-Parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded on April 2, 2003 and is headquartered in Mississauga, Canada.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Worksport achieves 581% revenue growth in Q3 2024, eyes clean energy market for future success

Worksport's Q3 performance reflects strong revenue growth and strategic initiatives to drive future profitability. By focusing on expanding B2B and B2C segments, launching new products, and entering the clean energy market, Worksport aims for sustained growth and enhanced financial performance in 2025.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Worksport Ltd. engages in the designs, development, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded by Steven Rossi on April 2, 2003 and is headquartered in West Seneca, NY.

TORONTO, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP, WKSPW) (“Worksport” or the “Company”), a company that designs and distributes pickup truck covers called tonneau covers throughout the United States and Canada, including Tonneau covers that provide security and protection for cargo to personal pickup truck owners, today announced the closing of its previously announced underwritten public offering of 3,272,727 units at a price to the public of $5.50 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $6.05. The common stock and warrants were immediately separable and were issued separately. The common stock and warrants began trading on the Nasdaq Capital Market on August 4, 2021, under the symbols “WKSP” and “WKSPW,” respectively. Worksport received gross proceeds of approximately $18.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. All share numbers and pricing information in this press release reflect the Company's previously announced 1-for-20 reverse stock split of its issued and outstanding common stock, which became effective at 12:01 a.m., Eastern Time, on August 4, 2021.

Worksport Announces Closing of Upsized $18.0 Million Public Offering and Uplisting to Nasdaq

Worksport Ltd. ( WKSP , Financial) is a Canada-based designer and producer of tonneau truck covers.

Worksport: A True Automotive Innovator

Worksport Ltd. (OTC: WKSP) announced in a Tuesday press release its stock will uplist to the Nasdaq exchange on Wednesday.

Worksport CEO says Nasdaq listing will be ‘very beneficial in the long-term'

Worksport Ltd. (NASDAQ: WKSP) - a company that designs and distributes pickup truck covers called tonneau covers - started trading on the Nasdaq today.

WKSP Stock: Nasdaq Uplisting And 1-For-20 Reverse Stock Split Goes Into Effect

Worksport Ltd (NASDAQ: WKSP) will start trading on NASDAQ, commencing today. As part of the process for meeting initial listing requirements, the Company completed a 1-for-20 reverse stock split.

Worksport Prices Upsized $18M Public Offering, Uplists To NASDAQ, Trading Starts Today

TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd. (OTC: WKSP) (“Worksport” or the “Company”), a company that designs and distributes pickup truck covers called tonneau covers throughout the United States and Canada, including Tonneau covers that provide security and protection for cargo to personal pickup truck owners, today announced the pricing of its underwritten public offering of 3,272,727 units at a price to the public of $5.50 per unit. Each unit issued in the offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $6.05. The common stock and warrants are immediately separable and will be issued separately. The common stock and warrants are expected to begin trading on the Nasdaq Capital Market on August 4, 2021, under the symbols “WKSP” and “WKSPW,” respectively. Worksport expects to receive gross proceeds of $18.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. In connection with the offering, the Company will effectuate a reverse split of its issued and outstanding common stock at a ratio of 1-for-20. The reverse stock split is expected to be effective at 12:01 a.m., Eastern Time, on Wednesday, August 4, 2021. The share numbers and pricing information in this release are adjusted to reflect the impact of the reverse stock split.

Worksport Announces Pricing of Upsized $18.0 Million Public Offering, Uplisting to Nasdaq and Reverse Stock Split

The world has about 30 years to bring greenhouse gas emissions (GHG) to net-zero if we want any chance of limiting global warming to 1.5°C. The transportation sector is responsible for about one-quarter of global greenhouse gas emissions as it is predominantly based on the combustion of fossil fuels, making it one of the largest sources of both urban and regional air pollution.

Worksport Demonstrates Important Role in Decarbonizing Transportation

US and Canadian-based tonneau cover provider Worksport Ltd. (OTC: WKSP), in business for over a decade, has enjoyed immense success in the automotive accessory market.

Innovation Meets Massive Growth: Worksport Shift to Make Green Energy for EVs Cool

Countries across the globe are putting spotlight on EV development. Last week, The European Commission voted to ban the sale of gasoline and diesel-powered vehicles by 2035.

Worksport Is Set to Charge Automakers Toward an EV Future

Battery storage had a total makeover in the last decade. In 2010, batteries powered our phones and computers.

Why Worksport's COR™ is Unlike Anything in the Booming Battery Storage Market

Canadian-based tonneau provider Worksport (OTC: WKSP) has heated up the solar landscape. The company's high quality, modular and attractively priced tonneau covers and solar-powered systems for light-duty trucks like Ford (NYSE: F), GM (NYSE: GM) and Nikola (NASDAQ: NKLA) have been performing well in sales.

What the Nasdaq Uplisting Could Mean for Worksport

Worksport Ltd. (OTC: WKSP), a leading provider of next-generation tonneau covers for pickup trucks, has impressed many with its revolutionary proprietary tech — TerraVis TM.

Worksport's Plan To Launch New Company Leaked: Here's What We Could Expect

Presentation on Tuesday , June 8 th at 1: 3 0 P M E D T

Worksport to Present at LD Micro Invitational XI

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (OTC: WKSP) (or the “Company”) is providing an update on one of its recent strategic partnerships. Starting as a two-year contract, Worksport has forged a working relationship with Ontario Tech University. One of many benefits is access to the world-class ACE Testing Facility, wherein the Company will be collaborating with the research team that is supervised by Professor Sheldon Williamson, PhD.

Worksport Enters into Collaborative Partnership with Ontario Tech University

The first wave of EV pickup trucks is on the horizon and is anticipated to take over the automotive industry in the U.S. Last week, Ford Motor Co. (NYSE: F) previewed its new electric F-150 Lightning pickup, a relatively inexpensive electric version of the most popular vehicle in America , during a visit by President Biden. Ford had taken 20,000 reservations in less than 12 hours since the truck was officially unveiled.

Worksport's Bed Covers Charge EV Pickup Trucks from Ford, GM, Rivian and Atlis

TORONTO, May 11, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (OTC: WKSP) (or the “Company”) is issuing an update to its investors, shareholders, and supporters about how it continues to add to its customer base. Following up its announcement from March 16, 2021, after diligent pursuit, business from a renowned brand in the automotive sector has been officially secured for the Company's Private Label unit. And, once again, the Company is pleased to report that it has a queue of additional customer orders pending, due to overwhelming product demand. When Worksport realized profitability in 2019, prior to the COVID-19 pandemic, it was able to do so with just one customer. With the three private label customers the Company has gained, with two additional that are in the process of being secured, Worksport is on track to realizing profitability once again.

Worksport Adds to Private Label Business and notes Increased Product Demand.

ChargePoint Holdings

NextEra Energy

There are a few companies that aren't EV manufacturers, but they'll benefit from EV growth around the world.These companies are Worksport Ltd (OTC: WKSP), SunPower (NASDAQ: SPWR), ChargePoint Holdings (NYSE: CHPT), and NextEra Energy (NYSE: NEE). Worksport – Powering EVs With Solar Energy The innovative tonneau cover manufacturer and designer whose ground-breaking technology is being configured for two upcoming electric pickups has been invited to present at the Benzinga Global Small-Cap Conference that will take place on May 13th and 14th, 2021.

Companies That Will Directly Benefit From The EV Revolution

COVID-19 is changing lives as we know it. But one thing this pandemic hasn't changed?

This Pickup Truck Accessories Company is a Potential Major Player in 3 Billion-Dollar Markets

Signing the Lease Agreement for Their World-Class Manufacturing Facility

Worksport Takes Major Step to Fulfilling its Promises

TORONTO, April 29, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (OTC: WKSP) (or the “Company”) is excited to update its investors, shareholders, and supporters that it is in the final stages of negotiations for the leasing of their brand-new manufacturing facility. This major strategic manufacturing investment will provide the necessary infrastructure to support the Company's growth while mass-producing its TerraVis™ tonneau cover systems & TerraVis COR™ battery systems, the former to be fully assembled in Canada. Once finalized, this move will facilitate unique, valuable opportunities that will afford Worksport's business to grow into the space.

Worksport Finalizing Negotiations for World-Class Manufacturing Facility

Without a doubt, there is a lot going on in the electric vehicle industry with headline developments from XPENG (NYSE: XPEV), Fisker Inc. (NYSE: FSR), and General Motors Company (NYSE: GM) with Tesla Inc. (NASDAQ: TSLA) accepting Bitcoins to Nio Inc. (NYSE: NIO) looking to expand their charging infrastructure with Germany's metro, this market is making headlines. Just today, Volkswagen (OTC: VWAGY) US division leaked that it will be rebranding itself "Volkswagen" as it invests heavily in its electric vehicles.

Worksport Is Addressing This Major Challenge In The EV Market

Canoo

Li Auto Inc.

Tesla

Electric vehicle fans that will soon have an extra $1,400 in their pockets might be wondering which sector stocks deserve their attention. Here are five EV stocks that are having a better-than-average day.

5 Best EV Stocks To Buy Now

Copart

CVS Health

Denny's

Energizer Holdings

Generac Holdings

Home Depot

Smith & Wesson Brands

With all that has transpired with the novel coronavirus pandemic, natural disasters are the last thing we need. Yet they happen irrespective of our accumulated suffering.

9 Stocks That Are Built to Help in a Natural Disaster

TORONTO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Worksport Ltd (OTCQB: WKSP) (or the “Company”) has qualified its Regulation A offering with the U.S. Securities & Exchange Commission, which enables securities to be issued by the company under Regulation A Section 3 (b) of the Securities Act for Tier 2 offerings, providing certain exemptions from registration.

Worksport Launches Regulation-A Investment Opportunity to Public

TORONTO, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Worksport Ltd (OTC:WKSP) (or the “Company”) has engaged Thermal Technology Services Canada, to test the Company's groundbreaking TerraVis ™ solar panel technology to increase its efficiency.

News for Worksport Ltd Stock (WKSP)